Hello Guys,
Lets start with the Bitcoin Chart. Bitcoin is currently in a short-term downtrend and i think he can go still lower to the 0.702 fibonacci level. If we look at the past at 2017 where we had 2 altseasons, the first altseason started right there in the move down to this fibonacci level.
What are the first signs for two altseasons?
Therefore i expect that bitcoin can go to about 37500 which makes absolutely sense because in past bitcoin did the same. From there we can expect a new ATH and an absolutely parabolic move to the upside. When history repeats and everything goes like in 2017 then we can expect most altcoins go parabolic very soon.
What do you think about that, do you think there are two altseasons possible? Let me know in the comments.
stibo 🥦
Lets start with the Bitcoin Chart. Bitcoin is currently in a short-term downtrend and i think he can go still lower to the 0.702 fibonacci level. If we look at the past at 2017 where we had 2 altseasons, the first altseason started right there in the move down to this fibonacci level.
What are the first signs for two altseasons?
- ETH broke ATH
- ADA broke ATH
- Total Market Cap of Altcoins broke ATH
Therefore i expect that bitcoin can go to about 37500 which makes absolutely sense because in past bitcoin did the same. From there we can expect a new ATH and an absolutely parabolic move to the upside. When history repeats and everything goes like in 2017 then we can expect most altcoins go parabolic very soon.
What do you think about that, do you think there are two altseasons possible? Let me know in the comments.
stibo 🥦